Live Online Certificate Course on Filing of ITR 7 and Audit Report in case of Charitable & Religious Trusts
Explore tailored expertise for Charitable & Religious Trusts in our course on ITR 7 filing and Audit Report. Master trust-specific tax regulations and reporting intricacies with expert guidance. Enroll now to optimize compliance and leverage our exclusive launch offer.
Faculty Instructor
Start Date
08 Jun 2024
End Date
15 Jun 2024
Duration :
4 Hrs
Lessons :
2
Time :
06:00 PM
-
08:00 PM
₹2199
₹2999
+GSTWho is this for?
- Students and Learners
- Government Officials
- Business Owners
- Finance Professionals
- Accountants
- Tax Professionals
What will be Covered in the Course?
- Parallel regimes for exemption of Charitable and Religious Trust i.e. Section 10(23C) and Section 11 to 13 of the Income Tax Act,1961.
- Definition of Charitable purpose as per section 2(15) and interpretation of incidental activities.
- Sources of income of the trust including anonymous donation, deemed income, capital gain etc.
- Detailed discussion on section 11 of Income Tax Act,1961 including the consequences when 85% of the income is not utilized for application- Measures available to the trust:
▪ Deemed application as per explanation 1 to section 11(1)- Filing of Form 9A
▪ Not to be included in total income as per section 11(2)- Filing of Form 10 - Treatment of inter-society donations
- Application allowed where assets are purchased on loan.
- Detailed discussion on corpus donation and its taxability in income tax.
- Detailed discussion on section 13 of the Income Tax act,1961 including denial of exemption u/s 11, specified parties etc.
- Taxability of deemed income as per the provisions section 115BBI of the Income Tax Act,1961.
- Registration/Approval in Form 10A/10AB for 12A/10(23C) along with discussion on filing of Form 10A and 10AB online.
- Detailed discussion on section 115TD of the Income Tax Act,1961.
- Detailed discussion on filing of ITR-7 and consequences of non-filing of return.
- Clause by clause discussion on filing of Form 10B and 10BB and consequences of not getting the accounts audited.
- Press release dated 25.04.2024 extending the due date filing form 10A and 10AB.
Filing of ITR 7 and Audit Report in case of Charitable Course’s Key Features
- English Medium
- Duration 4 Hours
- E Certificate
- E Notes available
- The Recordings will be provided
Filing of ITR 7 and Audit Report Course’s Key Features
- English Medium
- Duration 4 Hours
- E Certificate
- E Notes available
- The Recordings will be provided